We are expecting a slight bounce back once the trend mine is touched but essentially we can still see a downward pattern today. Let’s see how the week goes
we are still experiencing a massive downtrend in our crypto. HODL is a must if your prepared to keep the journey going. although for intra day traders, i predict a slight upwards movement in between my zones as described on my chart analysis
obviously markets are on a downtrend, so the importance of making our move is to wait and watch for a proper position opening because right now not much is going on and we are experiencing some consolidation
This is a mark on the xauusd current market trend and the potential buy mark we are looking towards due to the fact that market is obviously oversold; we are looking for a good buy or a volatile economical event that can push prices back up.
if the market breaks our buy zone we will have to wait for a reversal, if no reversal then we wait patiently.
Market has been in consolidation
within the green zone; we expect to
continue a bullish run with forthcoming
news that may shift market price drastically
causing high volatility.
There is a massive uptrend in the market, which means we cant just enter; we will have to use our fibonacci to observe any retracement; once our support is tested and market begins to push up again; then we can seek a buy oppurtunity.
